• Residential purchases and re-mortgages.
• Buy to Let and Let to Buy.
• Right to Buy.
• Shared Equity.
• Shared ownership.
• Further Advances, (subject to underwriting and existing deal).
• Lifetime and Reversion schemes.

Specialist lending-

• Adverse Credit products. County court Judgements (CCj’s), defaults and bankruptcy accepted at no maximum)
• Second charges, (up to 90% self certification of income).
• Commercial funding, (up to 75% loan to value).
• C.A.T standard products.
• Offset mortgages.
• Flexible mortgages.

Capital and Interest (Full repayment) Mortgage.

This is the simplest type of mortgage. The payments you make to the lender every month consists of both the capital and the interest from the loan. ( also known as full repayment mortgage). Provided you keep up with the payments, you are guaranteed to pay off the loan at the end of the term agreed, (from 5 years to 40 years with some lenders)

The lender calculates your monthly repayments depending on the amount borrowed, how long for, the interest rate and how the rate you have chosen is set

Set out in the following ways:

• Fixed.
• Capped.
• Discount – Variable.
• Tracker.
• Capped + collared
• Libor tracker (adverse credit mainly).

Below is a guide to how much your mortgage will cost on a full repayment basis, you calculate the interest rate by the number of years by the amount in tens of thousands eg:

5.00% column by 25 years borrowing £93.750 = £566.15
5.00% x 25 x 9.375 £ £566.15

This is only a guide and you should not use this to determine your interest rate, we have professional mortgage advisers who can determine your borrowings and issue you with a quote showing exact monthly payments and associated costs.
This can be arranged at no obligations call telephone number:- 01785 606199
Your home may be repossessed if you do not keep up repayments on your mortgage.

Interest only

An Interest only mortgage is one where by your monthly payments consists of solely interest payments and not any capital repayment element. Therefore the balance size of your mortgage will remain the same, and will not be reduced at all by your monthly payments.

If you decide to take out on interest only mortgage, you must consider how the mortgage will be repaid at the end of the term. Interest only mortgages should be supported by suitable repayment vehicle, so that the mortgage balance may be paid off in full at the end of the term. It can be useful for people purchasing a new property to pay interest only over an initial period, to keep repayment low whilst setting up home and getting use to all the new out goings. It is then possible to switch on to a repayment option when the time is right, so that you have the certainty that your mortgage will be repaid in full at the end of the term. It is important to note that should you fail to pay off your mortgage ( in Full) at the end of the term, your home may be repossessed.

Interest only mortgage are not suitable for all borrowers. Borrowers must be aware that if when switching from interest only to capital and interest repayment, monthly payments will increase. There is also an increased risk of a negative equity situation occurring, should the markets go that way. You must also understand that there will be more interest payable than if you started on repayment only to begin with.

Please ask one of our qualified advisers for detailed advice on interest only mortgages before making a choice.

Some of the more suitable recognised repayment vehicles are:

• Pension (25% lump sum), Endowments – With profits, Low cost, none profit, Friendly society plans, ISA’s , Property portfolio, inheritance settlement.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Please look at our mortgage table calculator on the adjoining page to determine what your monthly mortgage cost may be.